Word over at Shanzai has it that Chinese PC manufacturer CASZH has created a netbook prototype featuring the Nvidia ION graphics chip. It should feature otherwise innocuous staples like the 1.6 GHz Intel Atom CPU, a 10.1-inch display, 1024 x 600 pixels, 1 GB of RAM, and a 160 GB hard drive.
The netbook can handle Blu-Ray decoding and HD video, but the low-res screen definitely won't do them justice. However, with a convenient HDMI port you can hook the computer up to an HDTV and take in all of that glorious video quality.
Other features include 2 USB ports, a microphone, flash card reader, Ethernet, Wi-Fi, and a 3-cell battery.
Chinese consumers could get the netbook for as low as $300, but that kind of pricing seems unlikely for US markets.